China decides to retaliate against Trump’s tariffs by implementing some tariffs of their own.

By |2019-05-13T05:40:38-08:00May 13th, 2019|Categories: News|Tags: , , , , , |12 Comments

Apparently, Trump is a trade warmonger. 

Courtesy of CNBC:

China will raise tariffs on $60 billion in U.S. goods in retaliation for the U.S. decision to hike duties on Chinese goods.

Beijing will increase tariffs on more than 5,000 products to as high as 25%, the Chinese Finance Ministry said Monday. Duties on some other goods will increase to 20%. Those rates will rise from either 10% or 5% previously.

The move follows President Donald Trump’s decision to raise duties on $200 billion in Chinese products to 25% from 10%. The world’s two largest economies have struggled to ink a trade deal and end a widening trade conflict that threatens to damage the global economy.

The latest shot in the trade war rattled investors. U.S. stock futures signaled a sharp drop Monday morning amid the escalation.

Oddly enough Trump seemed to be caught a little flat-footed by this news and sent out a bunch of angry tweets this morning filled with grammatical errors. 

Well, I think we can now see how Trump managed to lose over a billion dollars in ten years.

Worst businessman ever!

It should also be pointed out that Trump’s solution to the suffering of farmers due to his trade war is a government handout.

Courtesy of HuffPo:

President Donald Trump is seeking an additional $15 billion in U.S. subsidies in an effort to protect farmers from the devastating impact of his trade war with China. That’s on top of $12 billion already earmarked for the farmers to help them weather the fallout.

That would be an additional bill for U.S. taxpayers already shouldering the cost of increased tariffs in the form of higher costs for products and parts from China.

Trump revealed the subsidy figure in a tweet Friday. He suggested the government use the funds to buy agricultural products to ship to other nations for humanitarian aid, though setting up such a system would be extremely complicated. In his most recent budget proposal, Trump proposed eliminating three food aid programs, Politico noted.

The president appeared to dismiss the impact of the cost as he falsely claimed — again — that “massive” tariff payments are being paid by China “directly” to the U.S. Treasury, which would presumably be used to cover the cost of the subsidy. There is “absolutely no need to rush” to negotiate a deal with China, he tweeted.

So Trump makes yet another bad business decision and then expects to use government handouts to cover for his mistakes like he used his father’s handouts to cover for his mistakes back in the good old days. 

About the Author:

This blog is dedicated to finding the truth, exposing the lies, and holding our politicians and leaders accountable when they fall far short of the promises that they have made to both my fellow Alaskans and the American people.

12 Comments

  1. Anonymous May 13, 2019 at 6:56 am - Reply

    The orange shitgibbon is just an effing idiot

  2. eCON101 May 13, 2019 at 7:09 am - Reply

    https://www.politicususa.com/2019/05/13/trump-lie-china-trade-war-retaliate.html

    Trump is living in a fantasy world. The president doesn’t understand that this is not the America of the 1950s and 1960s. Consumers can’t buy 100% of US-made goods and avoid the tariffs. Nearly every product made contains some form of import or part made overseas. The tariffs are being passed on to US businesses and consumers.
    sending the stock market plunging, and the consequences are becoming direr by the day for manufacturers and farmers. Trump is lying about basic economics. In part, because he doesn’t understand how tariffs work, but also because he embarked on a foolish trade war with China in an effort to make him$elf looOOk “strong.”

  3. eCON101 May 13, 2019 at 7:18 am - Reply

    https://www.politicususa.com/2019/05/13/trump-lie-china-trade-war-retaliate.html

    Trump is living in a fantasy world. The president doesn’t understand that this is not the America of the 1950s and 1960s. Consumers can’t buy 100% of US-made goods and avoid the tariffs. Nearly every product made contains some form of import or part made overseas. The tariffs are being passed on to US businesses and consumers.
    sending the stock market plunging, and the consequences are becoming direr by the day for manufacturers and farmers. Trump is lying about basic economics. In part, because he doesn’t understand how tariffs work, but also because he embarked on a foolish trade war with China in an effort to make him$elf lOOk “strong.”

  4. anon May 13, 2019 at 7:39 am - Reply

    “His actions echo the ‘I alone can fix it’ promise he made during his 2016 campaign, a vow that shocked many lawmakers at the time because of its imperial overtones.”

    https://www.rawstory.com/2019/05/gop-lawmakers-no-longer-trying-to-restrain-trump-no-one-is-standing-up-to-him-and-they-fear-him-now/

  5. dd May 13, 2019 at 7:41 am - Reply

    (bow) Dow Down ….-600.00+

    • NOW May 13, 2019 at 9:34 am - Reply

      -700.00

  6. the other Abe May 13, 2019 at 8:30 am - Reply

    Japan “strong hands”
    “what did they say?”
    “please look at me”

    https://www.youtube.com/watch?v=GWbP8eC-SIw

    Trump shakes Japanese PM’s hand for 19 seconds

    less then 3 weeks into the Abyss

  7. Anonymous May 13, 2019 at 11:36 am - Reply

    So because of his crappy deal making, we the taxpayer are going to pay twice, once on the increase in prices of goods from China and second as we pay hand outs to farmers (who voted for this moron) to keep them from losing the farm.

    And the stock market is tanking…sure trump would call this a good day because nobody knows how to LOSE money like the LOSER donnie trump!!!

  8. Anon May 13, 2019 at 4:25 pm - Reply

    An Elder once said ‘stop buying gas for a week and see what happens’.

  9. Anonymous May 13, 2019 at 9:10 pm - Reply

    They have deeper pockets than we do, plus they hold billions in US dept (thank you Georgie) so they can outlast us. China can tank our economy.

    A let’s remember what stable genius is brainstorming this trade deal. Brokeahontas, the art of the Steal.

  10. Anonymous May 13, 2019 at 11:41 pm - Reply

    America is the last thing donne screwed in his lifetime.i

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